apy at 53%? 🙂
Borrow usdx under atom collateral, supply and have fun
I suspect many will borrow and resupply which will increase the supplied balance also reducing the yield further
You then have to worry anout liquidations if ATOm falls in value
yeah, worried about that as the market seems to want to go downn further
The team did state they might make changes for future surge events based on the first surge event. One option could potentially be to limit supplies on launch and ramp it up daily do the first to supply are guaranteed to get high rewards for a few days atleast i.e Limit the total supply balance to $2m on day one increase by $2m each day, not sure if the team would want to do that though
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